Donald Smith & CO. Inc. Sells 99,793 Shares of Chatham Lodging Trust (REIT) $CLDT

Donald Smith & CO. Inc. cut its stake in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 2.0% in the second quarter, HoldingsChannel reports. The fund owned 4,817,121 shares of the real estate investment trust’s stock after selling 99,793 shares during the period. Donald Smith & CO. Inc. owned approximately 0.10% of Chatham Lodging Trust worth $33,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kennedy Capital Management LLC raised its position in shares of Chatham Lodging Trust by 8.4% during the 2nd quarter. Kennedy Capital Management LLC now owns 646,596 shares of the real estate investment trust’s stock valued at $4,507,000 after buying an additional 49,948 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Chatham Lodging Trust by 3.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,252,627 shares of the real estate investment trust’s stock worth $8,731,000 after purchasing an additional 38,748 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Chatham Lodging Trust by 17.5% during the second quarter. Fisher Asset Management LLC now owns 178,172 shares of the real estate investment trust’s stock worth $1,242,000 after buying an additional 26,546 shares during the period. Panagora Asset Management Inc. raised its holdings in shares of Chatham Lodging Trust by 5.9% during the second quarter. Panagora Asset Management Inc. now owns 300,404 shares of the real estate investment trust’s stock worth $2,094,000 after purchasing an additional 16,692 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Chatham Lodging Trust by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 91,848 shares of the real estate investment trust’s stock valued at $640,000 after purchasing an additional 5,592 shares during the period. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Down 0.1%

Chatham Lodging Trust stock opened at $6.52 on Friday. Chatham Lodging Trust has a twelve month low of $5.83 and a twelve month high of $10.00. The stock has a 50 day moving average of $6.56 and a two-hundred day moving average of $6.94. The stock has a market capitalization of $316.11 million, a price-to-earnings ratio of 651.50 and a beta of 1.12. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.18.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $78.41 million for the quarter, compared to analysts’ expectations of $79.68 million. Chatham Lodging Trust had a net margin of 2.89% and a return on equity of 1.11%. Chatham Lodging Trust has set its FY 2025 guidance at 0.960-0.990 EPS and its Q4 2025 guidance at 0.140-0.17 EPS. As a group, research analysts expect that Chatham Lodging Trust will post 1.07 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 3,600.00%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Chatham Lodging Trust in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chatham Lodging Trust has an average rating of “Hold” and a consensus target price of $10.75.

Chatham Lodging Trust Profile

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.